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News Release
Highlights of OFHEO’s 2000 Report to Congress

06/15/2000

​WASHINGTON, D.C. – Armando Falcon, Jr., Director of the Office of Federal Housing Enterprise Oversight (OFHEO), financial safety and soundness regulator of Fannie Mae and Freddie Mac, today released OFHEO's 2000 Report to Congress as required by statute in Section 1319B of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Title XIII of P.L. 102-550).

Highlights of the Report to Congress:

  • Director's Message.
  • Two "discussion" chapters of the major forces reshaping the housing finance system and the Enterprises in the next decade (Chapters 1 & 2).
  • The Enterprises in 1999 (Chapter 3).
  • Risk-Based Examination Program and Regulatory Activity (Chapter 4).
  • A clean, independent audit of OFHEO's finances (Chapter 5).
  • A legislative recommendation to take OFHEO out of the appropriations process pursuant to Section 1319B(a)(3) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 which requires OFHEO to make legislative recommendations which enhance the safety and soundness of Fannie Mae and Freddie Mac (Letter to Senate and House Banking Committee Chairmen).

​Stefanie Mullin 202.414.6921​